Canada Inflation Slows to 4.3%, Backing Interest-Rate Pause
Inflation drifted lower to the slowest pace in nearly two years, a reprieve for the Bank of Canada amid a jobs market and economy that continue to defy expectations for a stall. The consumer price index rose 4.3% in March from a year ago, the lowest headline number since August 2021, Statistics Canada reported Tuesday in Ottawa. That matched expectations in a Bloomberg survey of economists and was down from 5.2% in February. On a monthly basis, the index rose 0.5% in March, also matching economist expectations. Bonds and the loonie were little changed after the release. Two key yearly measures tracked closely by the ... (full story)
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tweet at 9:00am: BULLARD: US RECESSION PREDICTIONS IGNORE STRENGTH OF LABOR MARKET, PANDEMIC SAVINGS STILL TO BE USED tweet at 9:00am: FED'S BULLARD: NOT MUCH CLEAR PROGRESS ON INFLATION MEANS INTEREST RATES NEED TO CONTINUE TO RISE - REUTERS INTERVIEW tweet at 9:00am: BULLARD STILL SEES ADEQUATELY RESTRICTIVE POLICY RATE AT 5.50%-5.75% RANGE, BIAS TO HOLD FOR LONGER UNTIL INFLATION CONTAINED tweet at 9:00am: BULLARD: FED SHOULD AVOID EXTENSIVE FORWARD GUIDANCE AT NEXT MEETING, KEEP OPTIONS OPEN tweet at 9:02am: FED'S BULLARD: NOT MUCH CLEAR PROGRESS ON INFLATION MEANS INTEREST RATES NEED TO CONTINUE TO RISE - REUTERS INTERVIEW
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tweet at 11:05am: FED'S BOSTIC: EXPECTS ONE MORE RATE RISE - CNBC tweet at 11:05am: FED'S BOSTIC: ECONOMY STILL HAS LOTS OF MOMENTUM, INFLATION IS TOO HIGH tweet at 11:06am: FED'S BOSTIC: THERE IS STILL MORE WORK TO BE DONE ON MONETARY POLICY tweet at 11:07am: FED'S BOSTIC: IT WILL TAKE A WHILE FOR INFLATION TO MOVE BACK TO TARGET tweet at 11:10am: Fed's Bostic Says He Doesn’t Have A Recession As My Baseline Outlook - CNBC